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The muck stops here

DNMUM434588 | 4/8/2019 | Author : Sumit Moitra | WC :1520

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State-controlled monopolies have long been broken in sectors like aviation and power generation, but competition continues to elude the coal mining sector. Will the Centre take steps to shed its dominant position in the near-monopoly Coal India to make it more competitive?
THE BIG STORY
As summer sets in, reports of power shortages across the country, particularly in northern parts, coupled with power plants running on the critically low level of coal stock trigger public anger as government departments scramble for answers and excuses.
And almost always the buck stops at Coal India Ltd (CIL), the country’s near monopoly miner that feeds our thermal power plants along with cement, aluminium and several other sectors.
Beyond the financial figures and performance matrix, we take a look at reasons that ails CIL and the issues that get buried under its quarterly ramblings.
THE GLORY DAYS
On November 4, 2010, a day before Diwali, the country witnessed the listing of Coal India shares, which was the largest
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